Will AIG bonuses derail economic recovery?

Obama gave financial insurer AIG a massive tongue-lashing on Monday, after it was reported the flailing company distributed $165 million in bonuses to derivative traders as part of its “retention program.” Then, on Tuesday, came the smack down — a pledge from the administration that it would do all it could...

Confirm Rep. Hilda Solis as Department of Labor Secretary

Can you believe that Rep. Hilda Solis, strong pro-labor advocate and all-around excellent representative from California, still hasn’t been confirmed for the Labor Secretary position yet? According to the AP, they are conducting a “test vote” to ensure she receives the proper number of votes for...

Quick Prime Time Press Conference Reflection

Before I abandon the internet to fight the homework beast slouching towards my desk to be born, I have a few passing thoughts about President Obama’s presser I want to put out into the open:   President Obama did a great job diffusing the onslaught of Republican revisionism in the past couple of weeks...

Romancing the Phone: Stimulus Package

The Nation is reporting that despite the urgent need for an economic stimulus package and its passage in the House, the Right is leading a massive Senate calling initiative to kill the bill in the Senate:  Nonetheless, as Horn reports, “Here in Washington, DC, the word on the street is that the Right...

A [Weak?] Week’s Worth of Work

At the rate these criticisms are mounting, Obama will be lucky if he escapes impeachment in March.  It’s been literally seven days since he took office, and his foreign policy and domestic policy initiatives have been roundly questioned.  Remember folks: Bush fucked things up in 8 years; Obama’s...

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